Price: 0.0695 | EMA7: 0.08 | EMA25: 0.09 | RSI14: 41.9 | Resistance: 0.648 | Support: 0.054 | Average Volume: 147264907.07 | Volume Trend: Decreasing
Based on the 1-week technical analysis of WOOUSDT, I advise caution.
The price is currently trading below the EMA25, indicating a bearish trend. The RSI is below 50, indicating the currency is oversold. The MACD is decreasing, which suggests the bearish momentum might continue.
For a Long/Short entry, I recommend buying at the current price with a take-profit target of $0.0800 (around 15% increase) and a stop-loss at $0.0600 (around 13% decrease).
For a Spot Buy, I suggest waiting for a pullback towards the 20-period EMA or the recent low of $0.0540, considering the decreasing volume trend. If you buy at $0.0600, you'll have a 6% upside with a potential stop-loss at $0.0540 (around 10% decrease).